Recent indicators show bullish sentiment for XRP as whales adjust positions and derivatives activity surges. Options volume dramatically increased by 450%, signaling strong speculative interest in the market.
Currently, XRP’s price hovers near significant liquidation zones, with resistance between 2.40 USD and 2.48 USD. This critical level could trigger a breakout if momentum persists, supported by traders’ positioning.
The NVT ratio, which dropped by 21.02% recently, indicates enhanced on-chain transaction volume, reflecting improved market conditions. This situation suggests XRP is aligning for potential upward movement.
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